Rates

Savings and Checking Rates

Tiered Money Market

Certificate of Deposit Rates

One-time bump up allowed during 12 month CD term based on current 12 month CD rate.

Additional Account Information

*Annual Percentage Yield (APY) is effective as of the date noted above, and subject to change without notice. APY assumes interest and principle remain on deposit until maturity. Interest computed from day of deposit to day of withdrawal, compounded daily and paid monthly. Contact branch for additional details.

**Money Market and Statement Savings accounts are limited by Federal Reserve Bank Regulation D, during any statement period, you may not make more than six withdrawals from or transfers to another Jarrettsville Federal account of yours or to a third party by means of pre-authorized or automatic transfer or telephonic order. These transfers or withdrawals may be in any combination of preauthorized, automatic or telephone transfers, ACH transactions, POS debit transactions or checks written against the account.

We are happy to inform you that we will no longer be assessing excessive transaction fees on our savings or money market accounts as of Monday, May 4, 2020. This decision was made due to the Federal Reserve Board recently approving the discontinuation of transaction limitations on certain accounts. These limitations have been lifted to support individuals who, due to the current economic state, may need to transfer funds more frequently. However, this regulatory change will remain in effect beyond the current pandemic emergency.

• Fees and charges may reduce the earnings on these accounts.
• The minimum balance must be maintained to obtain Annual Percentage Yield (APY).
• Jarrettsville Federal reserves the right to refuse any deposit or request for any account.
• Accounts available for Maryland, and Pennsylvania residents only; all other are on a “case by case basis.”
• All applicants must physically come to our location to open any account.
• In accordance with the USA Patriot Act, Jarrettsville Federal is required to obtain, verify and record information that identifies each person who opens an account.
• FDIC insured up to $250,000 per depositor.
• Certificates of Deposit (CD’s) are issued in the form of a printed certificate. Early withdraws from CD’s will result in substantial penalties.
  • Terms equal to or less than 12 months – 3 months interest
  • Terms greater than 12 months – 6 months interest
• Individual Retirement Account (IRA) are subject to limitations and/or penalties imposed by the Internal Revenue Service (IRS). Please see your IRA Agreement or your tax advisor for additional information.